In his annual note to investors, BlackRock’s CEO Larry Fink said, “I believe we are on the edge of a fundamental reshaping of finance” because of climate change. The BlackRock chieftain pledged to adopt climate considerations when managing its client’s $7 billion in assets.

Fink isn’t alone in seemingly newfound interest in climate change. Buoyed by activist investors and violent wildfires, hurricanes and tornadoes, along with the rising temperatures, large capital providers are looking for solutions to climate change.

“It was a really interesting moment when Yahoo finance added the sustainability tab on their website where anybody can go and find out what the ESG [Environmental, Social and Governance] performance of a company is and how that compares to its competitors,” says Rachel Gutter, president of the International WELL Building Institute. “These things are really being brought into the mainstream.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.